Plans underline European carmakers’ problems in switching from petrol and diesel cars to electric vehiclesBusiness live – latest updatesVolkswagen is considering shutting two German factories in what would be the carmaker’s first closures ever in its home country as it struggles with the transition away from fossil fuels.The Wolfsburg-based manufacturer on Monday informed its works council, which represents employees, that it was looking at closing “at least one larger vehicle manufacturing plant and one component factory in Germany” in order to find cost savings worth billions of euros. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/sep/02/volkswagen-vw-germany-plant-closures-cars-electric-vehicles
Author : Jasper Jolly
Publish date : 2024-09-02 15:39:24
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Volkswagen considers German plant closures to save billions in costs
